OFF MARKET

582 Swan Street
Burnley VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1615m2
Land area: 972m2
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Property Details for 582 Swan St, Burnley

Building Type
Commercial
Floor Size
1615m2
Land Size
972m2
Local Government
Yarra
Lot/Plan
S14/PS517100

Last Listing description (March 2021)

Knight Frank, in conjunction with Gross Waddell, is delighted to offer 582 Swan Street Richmond for sale via an Expression of Interest Campaign closing Wednesday 26th October at 4 pm.

This modern freestanding office investment is securely leased to multiple tenants with staggered lease expiries and is located within the prestigious Botanica Business Park, prominently fronting Swan Street.


Key features include:

- Prominent 3 level corner office building
- Current Net Income: $611,886pa* plus GST
- Total building Area of 1,615m2* plus 28 secure basement car spaces
- Surrounding neighbours within the Botanica Business Park include: The National Head Office of David Jones, Country Road & Witchery (2017), Forever New, Golder Associates and a soon to be constructed 4-5 Star Hotel
- Excellent Public Transport at your doorstep, close proximity to multiple train lines and Citylink

For further information please contact one of the exclusive selling agents:

*approx.

Property History for 582 Swan St, Burnley, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$10,010,000
02 Nov 2016
Listed for Rent
$671/w
08 Feb 2021
  • 15 Apr 2019
    Listed for Rent - Price not available
  • 26 Feb 2018
    Listed for Rent - Price not available
  • 30 Mar 2017
    Listed for Rent - Price not available
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About Burnley 3121

The size of Burnley is approximately 1.1 square kilometres. It has 6 parks covering nearly 48.9% of total area. The population of Burnley in 2011 was 738 people. By 2016 the population was 791 showing a population growth of 7.2% in the area during that time. The predominant age group in Burnley is 20-29 years. Households in Burnley are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Burnley work in a professional occupation. In 2011, 48.6% of the homes in Burnley were owner-occupied compared with 48.5% in 2016.

Burnley has 632 properties. Over the last 5 years, Houses in Burnley have seen a 12.22% increase in median value, while Units have seen a 5.02% increase. As at 31 October 2024:

  • The median value for Houses in Burnley is $1,438,197 while the median value for Units is $664,203.
  • Houses have a median rent of $850 while Units have a median rent of $500.
There are currently no properties listed for sale, and 2 properties listed for rent in Burnley on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Burnley.

Suburb Insights for Burnley 3121

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.